Showing posts with label consumer credit. Show all posts
Showing posts with label consumer credit. Show all posts
Saturday, August 9, 2014

US loan growth rate the highest since the recession

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US credit growth continues to accelerate, reaching the highest year-over-year pace since the Great Recession. In 2012 the growth was...
Thursday, August 7, 2014

Credit card debt growth exceeds wage growth in the US

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Over the past three months, the year-over-year growth in credit card debt has exceeded wage growth in the United States. This is the first...
Saturday, June 21, 2014

After years of contraction, credit card balances at large US banks are starting to rise

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The pace of US consumer credit expansion remains brisk. A quick look at consumer loan balances at large US commercial banks shows a spike ...
Saturday, June 14, 2014

US bank-held consumer credit on the rise

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Bank-held consumer credit in the US continues to rise. It's impossible to tell from this weekly data what portion is credit cards debt...
Sunday, June 8, 2014

US consumer and domestic stimulus reducing risks to China's economy

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American consumers are helping to pull China out of its economic malaise. The recent credit card driven spending surge in the US ( discuss...
Saturday, June 7, 2014

Americans warming up to credit cards again

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A few days back we posted this chart on Twitter that clearly indicates an increase in US consumer spending. One of the questions dis...
Wednesday, May 7, 2014

What's fueling consumer credit growth in the US?

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US consumer credit report surprised to the upside today, beating forecasts by nearly $2bn. Source: Investing.com One positive aspe...
Monday, April 7, 2014

Non-student-loan consumer credit growth leveling off

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Consumer credit growth for February came in considerably better than expected in spite of the economic soft patch this winter. Source...
Saturday, February 8, 2014

Consumer credit and deleveraging

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US consumer credit showed an impressive increase at the end of last year as Americans went shopping. Consumer credit outstanding, excludin...
Tuesday, December 31, 2013

One of these things is not like the other ...

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This is the time when everyone is making financial and economic forecasts for the upcoming year and beyond. Here is a simple forecast from...
Saturday, November 16, 2013

Banks piling into auto loans as demand picks up

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After less that two years of modest but positive growth, real estate loans in the US banking system have recently gone into the red again....
Wednesday, August 7, 2013

Consumer credit numbers show the same frightening trend

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Today the Fed released the latest data on US consumer credit. Once again, student loans represent the dominant component of consumer debt ...
Wednesday, April 10, 2013

ABS meets EBay - the disintermediation of consumer finance

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Can unsecured consumer lending be disintermediated? At least one fairly successful company thinks it can - as long as you get large groups...
Saturday, December 8, 2012

Consumer credit trend remains the same; guess who is doing all the borrowing?

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The latest increase in consumer credit finally showed some increase in revolving credit for October as consumers started to spend a bit. O...
Friday, November 9, 2012

Direct government student loans exceed half a trillion; higher education costs out of control

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The report on consumer credit from the Fed today showed another sharp increase in government financed student loans. The balance now excee...
Thursday, October 25, 2012

Weakness the Eurozone credit growth persists; stark contrast with the US

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Tight credit conditions continue to persist in the Eurozone, inhibiting growth and dampening plans for fiscal consolidation. AP via Yaho...
Friday, October 12, 2012

Zero rate consumer loans - come and get one in NYC

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It's Friday. Let's change things up a bit by asking the following question: How low are the consumer loan interest rates in the US...
Saturday, October 6, 2012

Reports on US consumer credit missed the elephant in the room

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Lee Adler has a nice post ( here ) on the latest employment data, pointing out that some of the seasonal adjustments in the government rep...
Monday, September 3, 2012

Student loan delinquencies soar (right after OWS protests end) leaving the taxpayer on the hook

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Take a look at the chart below. It represents the total consumer debt outstanding in the US. What stands out? Source: NY Fed (click to...
Friday, August 17, 2012

In spite of easier underwriting standards, home equity balances continue to decline

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According to the latest OCC survey, banks in the US have been easing credit standards for home equity loans. Except for the poorly collate...